Product Development:

Partners Alliance Corporation (PAC) will provide assistance in the development of product rates and underwriting guidelines. Each product has its own unique characteristics that can be used to minimize the risk associated with the product. PAC has the experience to provide insight into the risks involved.

Contracting Distribution Markets:

PAC markets all of its products through independent general agents throughout the United States. We will submit qualified agents for the carrier's review and approval of various market opportunities. We can provide assistance in the development of the contracts to be issued between these independent agents and the carrier. We will also obtain all of the documents necessary for the appointment of the independent agents and production sources.

Premium Accounting:

PAC uses the IBM AS400 platform for the administration of the various credit related programs. All certificates/contracts are verified for accuracy and completeness. Any contract that exceeds the error tolerance is either returned to the production source or corrected and an adjustment of premium is reported. Any contract that requires a reduction in benefit has a correction notice sent to the customer registered mail.

Commission Accounting:

All commission reporting is completed at the month end processing with checks or billing mailed to the appropriate responsible party. Statements detailing the production accompany each check or invoice.

Claim Adjudication:

PAC utilized the StoneEagle administration software for the management of most of the credit related products offered. The StoneEagle software allows on-line verification of coverage and benefit calculation. All correspondence is logged into the on-line system. Remote access allows the carriers and independent agents to get up to the minute status if requested.

Reinsurance Accounting:

PAC also uses the StoneEagle administration software for its reinsurance accounting. This allows PAC to manage various levels of quota share based upon a straight ratio or the amount of insurance liability. We can provide for up to 99 levels of reinsurance and reinsurance that flows through one reinsurer to another (retro cession). Reserve levels and producer compensation can vary for each reinsurer. Cession statements can be prepared monthly, quarterly or annual. Experience reports and annual statement reports are also available by reinsurer.